CRI vs QQQ: Correlation
Carter's, Inc. (CRI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRI and QQQ?
Over the past 3 years, CRI and QQQ moved with a correlation of 0.25, which is weak. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 198.3 %².
QQQ is close to the least connected end of CRI's tracked universe, ranking #8 of 11. On 12-month performance QQQ holds a 5.5-point edge, +20.8% against +26.3%. Note the risk asymmetry: CRI runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CRI vs QQQ: side by side
| CRI (Carter's, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.8% | +26.3% |
| 5-year return | -61.2% | +95.4% |
| Volatility (ann.) | 40.6% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -71.3% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 6.4 | – |
| Dividend yield | 2.92% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | CRI | QQQ |
|---|---|---|
| 2022 | -23.4% | -32.6% |
| 2023 | +4.9% | +54.9% |
| 2024 | -24.0% | +25.6% |
| 2025 | -37.4% | +20.8% |
| 2026 | +4.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRI and QQQ?
As of 2026-08-27, the correlation of weekly returns between CRI and QQQ is 0.25 over 3 years, 0.30 over 1 year and 0.36 over 5 years.
Is QQQ a good diversifier for CRI?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cri-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cri-vs-qqq/)
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Related comparisons
Hubs: CRI correlations · QQQ correlations
